Evergreen Capital Management LLC Buys 7,563 Shares of Tesla, Inc. $TSLA

Evergreen Capital Management LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 22.2% during the third quarter, HoldingsChannel reports. The fund owned 41,674 shares of the electric vehicle producer’s stock after acquiring an additional 7,563 shares during the quarter. Evergreen Capital Management LLC’s holdings in Tesla were worth $18,533,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC boosted its position in shares of Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares during the period. Equita Financial Network Inc. lifted its stake in shares of Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares during the last quarter. VanderPol Investments L.L.C. boosted its holdings in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after acquiring an additional 23 shares during the period. Pinnacle Bancorp Inc. grew its position in Tesla by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after acquiring an additional 24 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in Tesla by 0.8% in the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock worth $1,387,000 after purchasing an additional 25 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 0.2%

TSLA opened at $437.50 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 291.67, a PEG ratio of 7.44 and a beta of 1.83. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. The stock has a fifty day moving average price of $443.36 and a 200-day moving average price of $400.89.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. Dbs Bank upgraded shares of Tesla to a “hold” rating in a report on Wednesday, November 5th. Morgan Stanley set a $425.00 target price on shares of Tesla and gave the stock an “equal weight” rating in a research note on Sunday, December 7th. Roth Capital set a $505.00 price target on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $500.00 price objective on shares of Tesla in a research note on Friday, January 2nd. Finally, Evercore ISI lifted their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $410.20.

Get Our Latest Analysis on TSLA

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In related news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 in the last 90 days. 19.90% of the stock is owned by corporate insiders.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.